Belo Accounts Payable vs Net Tangible Assets Analysis

BSX Stock  CAD 0.05  0.00  0.00%   
Belo Sun financial indicator trend analysis is way more than just evaluating Belo Sun Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Belo Sun Mining is a good investment. Please check the relationship between Belo Sun Accounts Payable and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Belo Sun Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Net Tangible Assets

Accounts Payable vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Belo Sun Mining Accounts Payable account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Belo Sun's Accounts Payable and Net Tangible Assets is -0.43. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Belo Sun Mining, assuming nothing else is changed. The correlation between historical values of Belo Sun's Accounts Payable and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Belo Sun Mining are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Accounts Payable i.e., Belo Sun's Accounts Payable and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.43
Relationship DirectionNegative 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents Belo Sun obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Belo Sun Mining are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Belo Sun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Belo Sun Mining current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Belo Sun Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
As of the 1st of June 2024, Selling General Administrative is likely to grow to about 4.9 M, while Enterprise Value Over EBITDA is likely to drop (1.27).
 2021 2022 2023 2024 (projected)
Net Interest Income234.3K719.5K1.1M765.7K
Interest Income236.7K719.5K1.1M713.6K

Belo Sun fundamental ratios Correlations

0.290.850.831.00.54-0.94-0.33-0.140.940.510.530.930.180.44-0.160.830.430.950.890.3-0.35-0.310.590.520.23
0.290.440.530.260.03-0.30.430.190.30.070.210.280.13-0.370.210.52-0.150.310.110.060.260.14-0.25-0.20.53
0.850.440.960.810.46-0.82-0.36-0.160.820.370.530.820.090.43-0.360.970.340.830.80.11-0.33-0.540.490.40.12
0.830.530.960.790.29-0.86-0.220.090.860.230.50.860.00.29-0.171.00.160.860.70.06-0.35-0.450.390.260.21
1.00.260.810.790.56-0.92-0.34-0.160.920.540.530.920.20.45-0.160.80.460.940.890.32-0.35-0.290.60.540.23
0.540.030.460.290.56-0.23-0.63-0.730.230.940.550.230.430.65-0.630.270.950.270.690.56-0.18-0.480.650.830.14
-0.94-0.3-0.82-0.86-0.92-0.230.15-0.11-1.0-0.2-0.41-1.00.01-0.27-0.02-0.88-0.14-0.99-0.77-0.060.320.2-0.43-0.27-0.2
-0.330.43-0.36-0.22-0.34-0.630.150.5-0.15-0.57-0.3-0.17-0.19-0.960.53-0.21-0.72-0.18-0.62-0.340.730.78-0.91-0.870.35
-0.140.19-0.160.09-0.16-0.73-0.110.50.11-0.67-0.230.11-0.29-0.470.690.07-0.760.08-0.43-0.38-0.130.38-0.4-0.550.09
0.940.30.820.860.920.23-1.0-0.150.110.20.411.0-0.010.270.020.880.140.990.770.06-0.32-0.20.430.260.2
0.510.070.370.230.540.94-0.2-0.57-0.670.20.590.190.30.59-0.520.210.870.230.640.8-0.19-0.440.60.80.14
0.530.210.530.50.530.55-0.41-0.3-0.230.410.590.41-0.120.42-0.220.50.480.390.580.5-0.15-0.350.390.510.01
0.930.280.820.860.920.23-1.0-0.170.111.00.190.41-0.020.290.010.870.160.990.770.06-0.33-0.210.450.280.18
0.180.130.090.00.20.430.01-0.19-0.29-0.010.3-0.12-0.020.17-0.13-0.020.370.10.19-0.03-0.070.10.220.340.17
0.44-0.370.430.290.450.65-0.27-0.96-0.470.270.590.420.290.17-0.460.290.730.290.730.39-0.68-0.70.920.91-0.45
-0.160.21-0.36-0.17-0.16-0.63-0.020.530.690.02-0.52-0.220.01-0.13-0.46-0.17-0.640.0-0.33-0.2-0.010.68-0.32-0.410.15
0.830.520.971.00.80.27-0.88-0.210.070.880.210.50.87-0.020.29-0.170.150.870.710.02-0.32-0.440.380.250.19
0.43-0.150.340.160.460.95-0.14-0.72-0.760.140.870.480.160.370.73-0.640.150.180.650.5-0.21-0.490.740.890.0
0.950.310.830.860.940.27-0.99-0.180.080.990.230.390.990.10.290.00.870.180.780.05-0.33-0.190.450.30.21
0.890.110.80.70.890.69-0.77-0.62-0.430.770.640.580.770.190.73-0.330.710.650.780.39-0.42-0.510.790.75-0.05
0.30.060.110.060.320.56-0.06-0.34-0.380.060.80.50.06-0.030.39-0.20.020.50.050.39-0.18-0.260.380.55-0.03
-0.350.26-0.33-0.35-0.35-0.180.320.73-0.13-0.32-0.19-0.15-0.33-0.07-0.68-0.01-0.32-0.21-0.33-0.42-0.180.58-0.75-0.570.13
-0.310.14-0.54-0.45-0.29-0.480.20.780.38-0.2-0.44-0.35-0.210.1-0.70.68-0.44-0.49-0.19-0.51-0.260.58-0.63-0.550.15
0.59-0.250.490.390.60.65-0.43-0.91-0.40.430.60.390.450.220.92-0.320.380.740.450.790.38-0.75-0.630.93-0.16
0.52-0.20.40.260.540.83-0.27-0.87-0.550.260.80.510.280.340.91-0.410.250.890.30.750.55-0.57-0.550.93-0.15
0.230.530.120.210.230.14-0.20.350.090.20.140.010.180.17-0.450.150.190.00.21-0.05-0.030.130.15-0.16-0.15
Click cells to compare fundamentals

Belo Sun Account Relationship Matchups

Belo Sun fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.1M54.5M48.4M36.7M26.8M29.0M
Other Current Liab4.1M3.5M1.6M1.2M1.4M2.3M
Total Current Liabilities4.4M3.6M1.8M1.5M1.7M2.5M
Total Stockholder Equity54.7M50.8M46.6M35.2M25.1M26.4M
Property Plant And Equipment Net18.8M18.4M18.2M16.2M10.6M9.7M
Net Debt(28.9M)(30.0M)(23.9M)(17.6M)(15.8M)(16.6M)
Retained Earnings(210.3M)(215.8M)(219.4M)(232.7M)(243.4M)(231.2M)
Accounts Payable271.6K116.9K230.5K303.1K415.6K607.1K
Cash29.0M30.0M24.0M17.6M15.1M17.1M
Non Current Assets Total20.9M24.3M20.2M18.4M11.2M11.1M
Non Currrent Assets Other1.6M5.5M1.5M1.6M1.9M3.4M
Cash And Short Term Investments29.0M30.0M24.0M17.6M20.2M17.2M
Net Receivables9.2M149.4K4.2M691.0K40.1K38.1K
Common Stock Shares Outstanding454.0M444.1M450.9M455.1M523.3M549.5M
Liabilities And Stockholders Equity59.1M54.5M48.4M36.7M42.2M29.0M
Other Stockholder Equity3.5M3.1M2.5M3.4M3.1M2.9M
Total Liab4.4M3.6M1.9M1.5M1.7M2.6M
Property Plant And Equipment Gross18.8M18.4M19.8M18.8M18.0M10.2M
Total Current Assets38.2M30.2M28.2M18.4M15.6M18.0M
Accumulated Other Comprehensive Income1.1M686.4K627.3K1.7M2.0M2.1M
Net Tangible Assets54.7M50.8M46.6M35.2M40.5M41.5M
Other Assets2.1M5.9M2.0M1.6M1.9M2.7M
Short Term Debt20.1K15.2K15.2K8.9K8.0K7.6K
Property Plant Equipment18.8M18.4M18.2M16.2M18.6M13.3M
Non Current Liabilities Total1.1M0.051.6K24.9K7.9K312.0K
Other Current Assets40.8K1.069.3K43.6K39.2K45.3K
Capital Surpluse(114.7K)(48.2K)60.4K37.7K43.3K45.5K
Long Term Investments571.2K451.9K434.3K540.1K635.7K448.8K
Cash And Equivalents238.1K2.0M1.4M1.7M1.9M955.4K
Net Invested Capital54.7M50.8M46.6M35.2M25.1M39.9M
Net Working Capital33.8M26.6M26.4M16.9M13.9M23.5M

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Belo Sun Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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Please note, there is a significant difference between Belo Sun's value and its price as these two are different measures arrived at by different means. Investors typically determine if Belo Sun is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Belo Sun's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.